Uría advises Investindustrial on the acquisition of CEAC and Deusto VET by Campus Training
Uría Menéndez advised Investindustrial on the acquisition by Campus Training of CEAC, Deusto Formacion and Deusto Salud from Planeta Formación y Universidades
Campus Training, a portfolio company of Investindustrial, has entered into an agreement with Planeta Formación y Universidades to acquire CEAC, Deusto Formacion and Deusto Salud, a leading group of online education brands focused on employability and requalification. The companies represent the first transformational add-on for Investindustrial’s educational platform, consolidating its leading position in vocational education and training (VET) in Spain and aiming to create a national and international leader in the sector. The transaction is expected to close by the third quarter of 2021.
Companies are the main Spanish players in online VET offering around 100 courses to more than 14,000 students per year through its different brands, mainly: CEAC (www.ceac.es), Deusto Formacion (www.deustoformacion.com) and Deusto Salud (www.deustosalud.com). CEAC and the Deusto brands offer vocational training, vocational training certifications (including multiple university certifications) and the preparation of exams for access to regulated studies through a portfolio of courses that covers a wide range of verticals, including including health, crafts, commerce, technology and hospitality among others. Thanks to more than 3000 agreements with companies, students are also offered the possibility of doing internships with companies from different verticals.
Following this transaction, Campus Training will become the largest player in VET in Spain and one of the largest private education groups in the country in terms of student numbers. Offering more than 300 open-access VET and vocational training courses to around 30,000 students and nearly 500 employees in total at more than 30 sites, the group has already reached more than 60 million euros in turnover, organic growth of more than 20% per year in recent years.
The Spanish VET sector continues to grow strongly and is expected to continue to do so over the next decade, where the hybrid (Campus Training) and online (CEAC and Deusto brands) segments are expected to lead the growth.
Campus Training founder Carlos Díaz, who will lead the group with the current management team, said: “It was a privilege to have completed this transaction with Planeta, a well-known group of quality companies and services. . We are delighted to have partnered with CEAC and the Deusto brands and to have already doubled the size of Campus Training since the entry of Investindustrial at the end of last year. We share the same philosophy and values for leading change with society and I am confident that together we can further consolidate our leadership nationally and internationally while continuing to provide a top notch educational experience for our students.
Uría Menéndez assisted Investindustrial with a team formed by business partners from the Barcelona office Ignacio Albiñana (photo left) and Eduardo Bagaría (photo center), and senior partners Leticia Segarra (photo top right) and Francisco Javier García Pérez (photo above right).